According to CoinDesk, cryptocurrency custodian BitGo announced plans to launch the US dollar stablecoin USDS at the "Token2049" conference in Singapore. The stablecoin will stand out in this crowded market by rewarding institutions that provide liquidity.

USDS will be supported by short-term Treasury bills, Overnight Repo, and cash, making it BitGo's first open participation stablecoin. The company stated that USDS will be launched in January 2025.

BitGo CEO Mike Belshe said in an interview with CoinDesk:

The main reason for launching USDS is that while existing stablecoins have great features, we believe there is an opportunity to create a more open and fair system that promotes innovation, and most importantly, rewards those who construct the network. The true value of stablecoins comes from the people who use them, the liquidity they provide, and the access points for exchange

At present, the stablecoin market is dominated by Tether's USDT, with a market value of approximately $119 billion, followed by Circle's USDC, with a market value of approximately $35.4 billion. Unlike its competitors, BitGo's USDS adopts a reward based approach, incentivizing institutions that provide liquidity to the USDS network by allocating a portion of the rewards generated from stablecoin reserves.

Belshe said, "At the end of each month, we earn some returns from the cash held by the underlying fund, and then we proportionally return these returns to participants based on the custody of the assets." He pointed out that this mechanism may sound similar to dividends, resulting in the entire operation being classified as an investment contract, but the difference is that it does not distribute the returns to end-users, but to institutions that provide liquidity.

Other US dollar stablecoins have also attempted to create income based stablecoins and reward end-users, but as a compromise, they had to exclude the US market, such as the Lift dollar (USDL) issued by Paxos.

(责任编辑：商业)

• ·拍拍贷借款筹集满了多久放贷？当天可以拿到钱吗？
• ·bitpay什么钱包-bitpay钱包安全吗
• ·理财产品收益放在哪个科目
• ·豫光金铅收盘跌0.57%，主力资金净流出2693.9万元
• ·餐饮业税负率一般是多少
• ·10月31日银华盛世精选灵活配置混合发起式C净值下跌1.26%，近1个月累计下跌7.17%
• ·手机挖币软件2016
• ·10月31日创金合信产业臻选平衡混合C净值下跌1.02%，今年来累计下跌10.89%
• ·虚拟币钱包服务器-虚拟币钱包服务器怎么开
• ·斯瑞新材收盘跌0.55%，主力资金净流出2088.4万元
• ·一文读懂鲍威尔重磅鹰派记者会的问答要点
• ·隆基绿能收盘涨2.55%，主力资金净流入3310.82万元
• ·blockchain怎么提现 blockchain怎么提现人民币
• ·今日“AI交易”平仓胜率排行揭晓：3EX AI交易平台荣登榜首，领跑行业新趋势
• ·报告：美国比特币持有者 40 岁以下人群占 40%
• ·基因测序概念31日主力净流出3.03亿元，金域医学、利欧股份居前